Mcclatchy pbgc
Web13 mei 2024 · When McClatchy filed its bankruptcy plan in February, with Chatham emerging as the proposed new owner, it offered to pay the PBGC $3.3 million annually for 10 years and give it a 3 percent stake ... WebAt the hearing for McClatchy's first-day motion, the PBGC protested that under the company's proposals it will begin soliciting votes on its Chapter 11 plan Feb. 24, before the unsecured creditors ...
Mcclatchy pbgc
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Web14 nov. 2024 · McClatchy, more through cost cutting than through improving revenues, continues to have positive cashflow. Over the first three quarters of 2024, it generated … Web1 feb. 2024 · The McClatchy Company Retirement Plan ended as of August 31, 2024. The plan covers more than 24,000 workers and retirees. PBGC will update the following …
Web14 nov. 2024 · McClatchy Co., which owns several newspapers, is discussing having the PBGC take over its pension plan as it struggles with a liquidity crisis. Web13 jul. 2024 · McClatchy Co. expects to transfer its defined benefit plan to the Pension Benefit Guaranty Corp. as part of a court-supervised sale, the Sacramento, Calif.-based …
Web18 nov. 2024 · Newspaper publisher McClatchy, which owns the Miami Herald, The Kansas City Star, The Sacramento Bee, and the Charlotte Observer, among other publications, is seeking a bailout of its pension fund. The company said in a filing with the Securities and Exchange Commission (SEC) that it is in discussions with the Pension Benefit Guaranty … Web10 sep. 2024 · The PBGC said McClatchy retirees will continue to receive benefits without interruption, and future retirees can apply for benefits as soon as they are eligible. The …
Web15 jan. 2024 · McClatchy Enters into Standstill Agreement with the PBGC Continues previously announced comprehensive restructuring negotiations PR... 26/02/2024 12:31:27 Cookie Policy +44 (0) 203 8794 460 Free Membership Login. Monitor; ... McClatchy Enters into Standstill Agreement with the PBGC. 15/01/2024 9:19pm PR Newswire (US) …
Web13 feb. 2024 · In a court filing, McClatchy listed the PBGC as its largest unsecured creditor with a claim of $530 million. The PBGC and a federal judge would have to sign off on the … brighter adoptionsWeb15 jan. 2024 · SACRAMENTO, Calif., Jan. 15, 2024 /PRNewswire/ -- McClatchy (NYSE American-MNI) announced today that it has entered into a Standstill Agreement with the Pension Benefit Guaranty Corporation (PBGC), extending its current runway for negotiating a consensual restructuring with key stakeholders. can you do nutrisystem without purchasing itWeb14 feb. 2024 · The PBGC did not object to McClatchy’s use of $50 million in new financing from Encina to help the company operate during the bankruptcy proceeding. The court … can you donate underpants to goodwillWeb13 mei 2024 · When McClatchy filed its bankruptcy plan in February, with Chatham emerging as the proposed new owner, it offered to pay the PBGC $3.3 million annually … brightera fhz85Web19 feb. 2024 · McClatchy's bankruptcy plan calls for handing ownership of the company to Chatham in exchange for extinguishing some of its debt. It's also seeking to terminate its … can you do online betting in floridaWeb2 jan. 2024 · McClatchy revealed it faces $124 million in pension fund payment obligations in 2024, prompting it to approach the PBGC in hopes the federal government guarantor will take over control of the ... can you do online college for nursingWeb15 jan. 2024 · PBGC shall forbear from filing Notices of Federal Lien to perfect any 430 (k) Lien against McClatchy or any of the ERISA Debtors during the period beginning on the Effective Date and ending on the earliest to occur of (a) February 18, 2024; (b) three Business Days after PBGC receives written notice from McClatchy that Chatham or … brighter africa limited